Daily Market Analysis By FXOpen

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Market Analysis: GBP/USD Retreats From Highs As EUR/GBP Enters Holding Pattern

GBP/USD is showing positive signs above 1.3580 and 1.3620. EUR/GBP declined and is now consolidating losses below 0.8700.

Important Takeaways for GBP/USD and EUR/GBP Analysis Today
- The British Pound rallied above 1.3700 and 1.3800 before there was a pullback.
- There is a connecting bearish trend line forming with resistance at 1.3760 on the hourly chart of GBP/USD at FXOpen.
- EUR/GBP is trading in a bearish zone below the 0.8690 pivot level.
- There is a key expanding triangle forming with resistance near 0.8680 on the hourly chart at FXOpen.

GBP/USD Technical Analysis

On the hourly chart of GBP/USD at FXOpen, the pair remained well-bid above 1.3500. The British Pound started a decent increase above 1.3650 against the US Dollar.

The bulls were able to push the pair above the 50-hour simple moving average and 1.3750. The pair even climbed above 1.3800 and traded as high as 1.3869. Recently, there was a pullback below 1.3760 and the 23.6% Fib retracement level of the upward move from the 1.3401 swing low to the 1.3869 high.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

 

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Silver Prices Collapse as the Market Shifts Phase

According to media reports, the silver market has experienced its largest price drop since 1980.

Notably, it is difficult to identify a single powerful fundamental catalyst that could clearly explain the move from the 29 January high near $120 to today’s low around $72 (approximately −40%). The geopolitical backdrop remains tense, with risks related to Iran, Greenland, Ukraine and other regions still very much in play.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

 

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Nasdaq 100 Opens Lower Following Big Tech Earnings

Last week saw the release of quarterly earnings from Microsoft (MSFT), Meta Platforms (META), Tesla (TSLA) and Apple (AAPL). At the opening of Monday’s session — today, 2 February — the Nasdaq 100 index (US Tech 100 mini on FXOpen) opened with a bearish gap, sliding towards the 25,100 level.

Why Is the Nasdaq 100 Falling?
While many of the Big Tech earnings reports were strong, the broader market reaction suggests that:

→ investors have become increasingly sceptical about massive capital expenditure (capex) on artificial intelligence, as seen in Microsoft’s case;
→ even solid results, such as those delivered by Apple, are no longer triggering rallies.

It appears that market participants are placing greater emphasis on uncertainties related to:

→ the new Fed Chair;
→ the risk of another US government shutdown;
→ rising geopolitical tensions (with Greenland, Iran and Ukraine potentially joined by Cuba).

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

 

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5 Popular Trading Strategies in 2026

Trading strategies provide a structured approach to participating in financial markets. They may help traders organise their decision-making process by using technical indicators, market patterns, and predefined rules. This article reviews five commonly used trading strategies and outlines how traders may apply them when developing their own approach to trading.

Understanding Different Types of Trading Strategies
Trading strategies provide a structured approach for varying trading styles, which may help traders make decisions based on specific criteria and market conditions, rather than on intuition and guesswork.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

 

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Market Insights with Gary Thomson: Gold Outlook, Central Banks, US NFP Data, and Corporate Earnings

In this video, we’ll explore the key economic events and market trends, shaping the financial landscape. Get ready for insights into financial markets to help you navigate the week ahead. Let’s dive in!

In this episode of Market Insights, Gary Thomson breaks down what moved the markets last week and unpacks the strategic implications of the most critical events driving global markets.

Key topics covered in this episode:
- What Happened in the Markets Last Week
- Central Bank Meetings
- Nonfarm Payrolls and Unemployment Rate
- Stocks to Watch

Gain insights to strengthen your trading knowledge.




Watch it now and stay updated with FXOpen.

Don't miss out on this invaluable opportunity to sharpen your trading skills and make informed decisions.

Disclaimer: This video represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

 

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How Does the Framing Effect Affect Investing and Trading?

You may have never thought that the same information may lead to different trading decisions. Small changes in a news headline, the context of an event, and the way it's presented can make you feel a certain way, but may not always reflect the true meaning of what's happening. This is called the framing effect. This cognitive bias is used not only in trading but in other spheres, where newswriters, marketers, politicians seek to present information in a more favorable light.

In this article, we will discuss what the framing effect is, where it comes from, how it appears in financial markets, and how traders may spot it and deal with its influence.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

 

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AUD/USD Rises Following RBA Decision

As the AUD/USD chart shows, the Australian dollar is holding above the psychological 0.700 level today after a bullish impulse triggered by the market’s reaction to the Reserve Bank of Australia’s (RBA) decision to raise the Cash Rate from 3.60% to 3.85%.

According to RBA Governor Michele Bullock, inflation (3.8%) remains too high, and the Bank “cannot allow it to get out of control again”. At the same time, the possibility of another rate hike in May has been left open.

The prospect of a tighter monetary policy stance should support the Australian dollar. However, the key question is whether AUD/USD can extend its advance and break above the important A peak from 29 January — the pair’s highest level since February 2023.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

 

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Gold Prices Recover After a Catastrophic Sell-Off

Yesterday, while analysing the silver price chart, we described a fundamental shift in supply and demand dynamics that likely became the key driver behind the sharp decline in prices.

This same reasoning can likely be applied to the gold market, which experienced a synchronous and dramatic sell-off. From the A peak on 29 January near $5,570, the gold price (XAU/USD) collapsed to the B low on 2 February below $4,420 — a drop of around 20%:

→ “Smart money” locked in profits on long positions and switched to selling at market;
→ retail speculators were forced to close long positions at a loss, while the liquidation of previously leveraged trades accelerated the cascading decline.

On 26 January, when analysing gold price movements, we:
→ highlighted that the market was extremely overbought;
→ noted, however, that abandoning bullish expectations prematurely would be inappropriate without a major catalyst.

It now appears that the A→B collapse may have been precisely such an event.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

 

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What Factors Make the Stock Market Go Up and Down?

Stock prices change every second, so it may seem like there is no specific reason for their movements. However, every change has a reason. Understanding the factors affecting stock prices gives context. Long-term and short-term factors determine how the price moves in different timeframes. News, company reports, and broader economic and geopolitical shifts — all influence price fluctuations in different ways.

In this article, we'll discuss what causes stocks to go up and down and why markets react the way they do.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

 

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Market Analysis: Gold and WTI Crude Oil Set Sights On Another Leg Higher

Gold prices started a fresh increase from $4,400 and moved above $5,000. WTI Crude oil prices are gaining bullish momentum and might even test $65.00.

Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today
- Gold prices started another increase from $4,400 after a sharp decline.
- A connecting bullish trend line is forming with support at $5,000 on the hourly chart of gold at FXOpen.
- WTI Crude climbed above the $61.50 and $62.00 levels.
- There is a key bearish trend line forming with resistance at $64.65 on the hourly chart of XTI/USD at FXOpen.

Gold Price Technical Analysis

On the hourly chart of Gold at FXOpen, the price found support near $4,400 after a massive selloff. The price formed a base and started a fresh increase above $4,800.

The bulls cleared the $5,000 barrier and the 50-hour simple moving average. There was also a move above the 50% Fib retracement level of the downward move from the $5,595 swing high to the $4,402 low. The RSI is now above 50, and the price could aim for more gains.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

 

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Dollar Corrects After Sharp Decline Ahead of Key Data

Major dollar pairs have shifted into a corrective rebound following the sharp sell-off seen last week. The current move is largely technical in nature, driven by profit-taking as markets await a heavy run of macroeconomic data due to be released over the coming trading sessions. Trading activity remains moderate, as participants prefer to scale back directional positions ahead of key data from the US and Canada that could provide a fresh impulse for the dollar.

Overall, the present dollar correction can be viewed as a short-term pullback after a strong move rather than a reversal of the broader trend. The next direction for USD/JPY and USD/CAD will largely depend on how the market responds to upcoming macroeconomic releases, which may either confirm the resilience of the recent dollar weakness or fuel a further recovery.

The bulls cleared the $5,000 barrier and the 50-hour simple moving average. There was also a move above the 50% Fib retracement level of the downward move from the $5,595 swing high to the $4,402 low. The RSI is now above 50, and the price could aim for more gains.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

 

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Nvidia (NVDA) Shares Fall to a Year-to-Date Low

As the Nvidia (NVDA) share price chart shows, the stock fell below $177 during yesterday’s session, marking its lowest level since the start of 2026.

Negative market sentiment is largely driven by uncertainty surrounding supplies to China. According to the Financial Times, Nvidia’s sales of H200 chips to China are still awaiting final approval from US authorities.

Yesterday’s statement from AMD, noting that the scale of its own shipments to China remains uncertain, reinforced these concerns and added further pressure to Nvidia shares. Previously, NVDA had been supported by expectations that deliveries of H200 chips to Chinese partners would begin in early 2026.

In addition, some media reports suggest that the stock is facing extra pressure from news of delayed investment in OpenAI, which is reportedly exploring alternative suppliers.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

 

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What Are Inverse Fair Value Gaps (IFVGs) in Trading?

Price doesn’t just move up or down — it also shows when control in the market changes. An Inverse Fair Value Gap (IFVG) appears when a previous imbalance no longer holds, signalling that buyers and sellers have switched roles, not simply paused. These zones highlight areas where the market has accepted a new price, rather than needing to return to an old one.

For traders who study momentum, market structure, and follow-through, IFVGs add useful context to price behaviour without relying on indicators. This article explains how IFVGs form, how they differ from standard Fair Value Gaps (FVGs), and how they are used in market analysis.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

 

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EUR/USD and GBP/USD Consolidate After Pullback From Yearly Highs

The euro and the pound have retreated after setting new yearly highs and are now trading near key levels, reflecting a wait-and-see stance as markets look ahead to major events in the coming sessions. Following a strong upward move over recent weeks, traders opted to lock in part of their profits, triggering a corrective pullback and a shift into consolidation. Additional caution is being driven by today’s Bank of England meeting, the outcome of which could influence sterling and set the tone for European currencies ahead of more important US data releases.

Overall, EUR/USD and GBP/USD appear to be in a state of balance after a sharp rally. Today’s Bank of England decision and tomorrow’s US labour market reports are seen as key reference points for assessing the next directional move. A more measured stance from policymakers and weak or neutral employment data could support a resumption of the upward trend, while a more hawkish tone or strong US figures may increase pressure on the pairs and lead to a deeper correction from recent highs.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

 

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WTI Oil Prices Volatile Ahead of Potential Talks

As the XTI/USD chart shows, the price of a barrel rose above $65 yesterday, reacting to the risk of talks between Iran and the United States on the nuclear deal breaking down. These negotiations could begin on Friday.

According to Axios, Arab world leaders have urged Donald Trump not to follow through on his threats to withdraw from the talks and shift towards military action after demands put forward by Iran. This news prompted a pullback in prices below $64.

The news backdrop is further complicated by conflicting reports regarding India’s refusal to purchase Russian oil, alongside other global factors. All of this is contributing to heightened volatility in the oil market, a trend also confirmed by the ATR indicator.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

 

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Oracle (ORCL) Shares Fall Below $150

The start of February has been negative for technology stocks, weighed down by a wave of pessimism driven by several factors, including:

→ “AI spending fatigue.” Results from Microsoft and Alphabet highlighted massive capital expenditure (CapEx). Tens of billions of dollars are being poured into servers and chips, and the market appears increasingly concerned that these costs may not be justified by actual AI-related revenues.

→ The launch of new “agent-based” AI tools (such as those released by Anthropic in early February), which has fuelled fears that AI could begin to replace software itself rather than enhance it. This has put pressure across the software sector, including Salesforce, Adobe and Oracle.

For Oracle, the situation is further complicated by plans to finance a large-scale programme in 2026 worth $45–50bn, which the company intends to fund by: 1) taking on debt; 2) issuing additional shares.

As a result:
→ analysts have downgraded their target prices for ORCL;
→ the share price has fallen below $150 for the first time since May 2025.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

 

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Four 1-Minute Scalping Strategies: Ideas and Applications

Four Popular 1-Minute Scalping Strategies in 2026
Scalping on the 1-minute chart is about reacting to short bursts of order flow, momentum shifts, and volatility as they unfold in real time. Execution speed, clarity, and repeatable rules matter more than broad narratives or longer-term bias. This article looks at four 1-minute trading strategies that combine price behaviour with common technical tools, outlining how many traders structure entries, exits, and trade management when working on ultra-short timeframes.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

 

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Break of Structure Theory: Meaning and Use

Market structure gives traders a way to read price behaviour beyond indicators and short-term noise. One of the tools within Smart Money Concept analysis is the Break of Structure, a framework used to assess whether a trend is continuing or losing control.

Rather than focusing on individual candles, a BOS looks at swing points, closes, and context across timeframes to build a clearer directional picture. Used correctly, it may support market analysis and trade alignment. This article explores what a Break of Structure is, how it’s identified, and how traders use it in practice.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

 

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Coinbase (COIN) Shares Plunged Alongside Bitcoin

While the leading cryptocurrency was trading above $125k in October 2025, it fell to around $60k yesterday. The decline accelerated sharply — a pattern typical of panic-driven markets where excessive leverage is widely used. According to Coinglass, roughly $2bn worth of long positions were liquidated across crypto exchanges over the past 24 hours.

Bitcoin’s drop of more than 50% over five months has had a direct impact on Coinbase (COIN) shares, which slid below $150 for the first time since April 2025.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

 

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GBP/USD Declines After Bank of England Decision

Yesterday’s decision by the Bank of England came as a surprise to forex traders. While the Official Bank Rate was left unchanged at 3.75%, markets were caught off guard by the notably dovish signals regarding future policy.

According to media reports, four out of nine Monetary Policy Committee members voted for an immediate rate cut. This has brought forward expectations of easing by the Bank of England, making the pound less attractive to hold and triggering its weakness yesterday.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.